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March
1, 2017 Vancouver, BC - El Niño Ventures
Inc. ("ELN" or the "Company") (TSXV: ELN;
OTC Pink: ELNOF; FSE: E7Q) EL Nino
Ventures is pleased to provide an update
of the acquisition of the Murray Brook
Deposit in the Brunswick Mining Camp
(BMC). By mutual agreement, the closing
date for this acquisition (See Press
Release Oct 13th, 2016) has been
postponed to March 31st, 2017. To
demonstrate that PUMA is confident that
the deal will close, the Company is
providing to El Nino a deposit in the
amount of CAD $60,000 to be credited
against the Closing Cash Consideration
for the acquisition of the Murray Brook
Property. In the event that the
transactions contemplated in the Asset
Purchase Agreement does not close on or
before March 31th, 2017 the deposit will
be retained by the vendor. This
extension will allow Puma Exploration to
satisfy the requirements for the
acquisition.
The Murray Brook property consists of
Mining Lease 252 and contiguous Mineral
Claim Block 4925 (245 claims) located 4
km west of the producing Caribou Mine,
which is owned and operated by Trevali
Mining Corporation. With the purchase of
the Murray Brook Deposit and Murray
Brook Minerals inc., Puma will hold
significant assets in the Bathurst
Mining Camp, which has produced over 120
million tons of ore since the opening of
the Brunswick No.12 Mine.
El Nino will continue to maintain its
current interest in the Bathurst Zinc
Project - Bathurst Option Joint
Venture (BOJV) also located in the
Bathurst Mining Camp.
For more information on the Company
please go to
www.elninoventures.com
On Behalf of the Board of Directors
"Harry Barr"
Harry Barr
Chairman & CEO
El Nino Ventures Inc.
Neither the TSX Venture Exchange
nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release. |
